By Shane Oliver, Head of Investment Strategy & Chief Economist from Oliver’s Insights, AMP Capital, Edition 23 2015 Key Points The Greek No vote means more uncertainty ahead regarding Greece, with significantly heightened risk of aGreek exit from the Euro. The threat of a flow on to other Eurozone countries is likely to keep markets on edge in the short... Read more
If you’ve read the news, you would already be aware that Greece’s referendum result is causing much speculation on what comes next for Greece and the Eurozone. For our clients, we would like to reassure you that we are keeping abreast of the potential impact on global markets, with your investments top-of-mind. At this stage, we do not anticipate any... Read more
By Shane Oliver, Head of Investment Strategy & Chief Economist from Oliver’s Insights, AMP Capital, Edition 22 2015 Key Points A “reform for funding” deal between Greece and its creditors looks likely and may now be agreed this week. This would be positive for Eurozone assets. It would then have to pass various parliaments though. Alternatively if no deal is... Read more
By Shane Oliver, Head of Investment Strategy & Chief Economist from Oliver’s Insights, AMP Capital, Edition 21 2015 Key Points This note focuses on the debate around the four major “tax concessions” in Australia: negative gearing, the capital gains tax discount, dividend imputation and superannuation. Removing negative gearing for property investment and dividend imputation will only add to distortions in... Read more
By Shane Oliver, Head of Investment Strategy & Chief Economist from Oliver’s Insights, AMP Capital, Edition 18 2015 Key points In response to pressure from APRA, lenders are starting to tighten lending conditions to property investors. This is designed to slow property investor lending, particularly into the strong Sydney property market, while at the same time allowing the RBA flexibility... Read more
There were many positives in Treasurer Hockey’s second federal budget, the tone of which was a stark contrast to his grave warnings, severe spending cuts and austerity messages a year earlier. However one must question the optimistic forward growth estimates on which treasury base their calculations – I hope they are correct. We attach a paper issued by the Institute... Read more
Some clients that we have assisted with property transactions have been unaware of the Premium Property Stamp Duty payable on residential property transactions in excess of $3 million. The duty payable is calculated as $150,490 plus $7 for every $100 that exceeds $3 million. In comparison, the rate for properties less than $3 million pay duty at the lower rate... Read more
Many retirees are living the asset-rich and cash-poor contradiction, for example living in a $2 million home in Sydney, while surviving on $400 per week from the Aged Pension. While some people will happily downsize from the family home in order to free up some cash for living expenses, this is not ideal in all cases. There is the cost... Read more
A property in NSW with a swimming pool will be required to have a certificate of compliance before it can be sold or leased. The deadline for this has just been postponed by one year to 29th April 2016. Property owners are urged to commence this process promptly as there are reportedly long lead times for certifiers to carry out... Read more
‘Ademption’ is a legal term that describes what happens when something that is left as a gift in a Will is no longer owned by the Will-maker at the time of their death. Consider these examples of how this can occur. Example 1: The gifted property has been sold, for example the family home has been sold to fund aged... Read more